Key Metrics
  • No. of Employees134
  • Founded Year 2006
  • Company StagePublic Limited Company
  • Total Funding₹373.25 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About PayMate

PayMate collaborates with top Visa commercial card-issuing banks to streamline credit facilitation for both payables and receivables within supply chains. This transition from conventional cash, cheques, and EFT to card transactions comes with numerous inherent risk-mitigating advantages for banks, coupled with extended days payables for buyers.

The platform boasts features such as Procure to Pay automation, credit evaluation, a discount marketplace, and APIs for seamless integration into existing accounts/ERP systems, ensuring a deployment process with minimal friction. Operating on a cloud-based infrastructure, it is accessible across all types of devices.

Top Competitors
AR
ArteriaU72900KA2007PTC041911
RA
Razorpay U72200KA2013PTC097389
PA
PayuU72400MH2006PTC293037
PayMate Funding Details
Funding Highlights
Latest Funding RoundSeries E
Total Funding Raised₹373.25 Cr
No. of Investments Made0
Total No. of Acquisitions1
Lead Investors3
Investors
  • Lightbox Ventures, Mayfield, CXI Valley
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
Acquisition Company Done
Detailed report about the Acquistions the company has done till date.
₹499.00 ₹998.00
PayMate Financial Details
Financial Highlights
FY 2022-23 Revenue₹1,351.6 Cr
FY 2022-23 Expenses₹1,407.32 Cr
FY 2022-23 Profit/Loss-₹55.72 Cr
Net Cash Flow From Operations-₹13.51 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
PayMate Key People
People Metrics
Current Core Team2
Board Members/Directors6

Core Team

AA
Ajay Adiseshan Founder & CEO
VS
Vishvanathan Subramanian CFO

Board Members/Directors

AA
Ajay Adiseshan Managing Director
VS
Vishvanathan Subramanian Whole-time director
AJ
Ashimkumar Jaswantkumar Banerjee Director
MN
Monica Niranjan Doshi Director
KC
Kevin Christopher Phalen Director
SM
Sandeep Murthy Nominee Director
PayMate Documents

AY - 2020-21

Profit and loss statement - PayMate - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of PayMate for FY 2020-21
₹249.00 ₹498.00
Balance sheet - PayMate - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of PayMate for FY 2020-21
₹249.00 ₹498.00

AY - 2021-22

Profit and loss statement - PayMate - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of PayMate for FY 2021-22
₹249.00 ₹498.00
Balance sheet - PayMate - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of PayMate for FY 2021-22
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - PayMate - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of PayMate for FY 2022-23
₹249.00 ₹498.00
Balance sheet - PayMate - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of PayMate for FY 2022-23
₹249.00 ₹498.00

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